Freedom Acquisition I (Freedom Acquisition I) EBIT : $-4.83 Mil (TTM As of Mar. 2023)

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What is Freedom Acquisition I EBIT?

Freedom Acquisition I's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2023 was $-1.62 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2023 was $-4.83 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Freedom Acquisition I's annualized ROC % for the quarter that ended in Mar. 2023 was -2.76%. Freedom Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Freedom Acquisition I's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2023 was -2.44%.

Freedom Acquisition I EBIT Historical Data

The historical data trend for Freedom Acquisition I's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Freedom Acquisition I EBIT Chart

Freedom Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

EBIT

-3.78

-4.41

Freedom Acquisition I Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
EBIT	Get a 7-Day Free Trial					-1.20	-0.82	0.20	-2.58	-1.62

Competitive Comparison of Freedom Acquisition I's EBIT

For the Shell Companies subindustry, Freedom Acquisition I's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Freedom Acquisition I's EV-to-EBIT Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Freedom Acquisition I's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Freedom Acquisition I's EV-to-EBIT falls into.

Freedom Acquisition I EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-4.83 Mil.

Freedom Acquisition I (NYSE:FACT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Freedom Acquisition I's annualized ROC % for the quarter that ended in Mar. 2023 is calculated as:

	ROC % (Q: Mar. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Mar. 2023 ))	/ count )
=	-6.48 * ( 1 - 0% )	/	( (350.756	+	119.346)	/ 2 )
=	-6.48	/	235.051
=	-2.76 %

where

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	350.121	-	4.858	-	( 0.073	-	max(0, 5.687	-	0.194	+	0.073	))
=	350.756

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	116.619	-	5.832	-	( 0.048	-	max(0, 8.607	-	0.048	+	0.048	))
=	119.346

Note: The Operating Income data used here is four times the quarterly (Mar. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Freedom Acquisition I's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Mar. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-6.48	/	( ( (0 + max(-4.737, 0))	+	(0 + max(-5.833, 0)) )	/	2 )
=	-6.48	/	( ( 0	+	0 )	/	2 )
=	-6.48	/	0
=	%

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0.121)	-	(4.858	+	0	+	8.8817841970013E-16)
=	-4.737

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	0	+	0)	-	(5.832	+	0	+	0.00099999999999945)
=	-5.833

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Freedom Acquisition I's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2023 )
	=	-4.829	/	197.815
	=	-2.44 %

Freedom Acquisition I EBIT Related Terms

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Freedom Acquisition I (Freedom Acquisition I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Freedom Acquisition I Corp (NYSE:FACT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Wall Street, 20th Floor, New York, NY, USA, 10005

Website

https://www.freedomac1.com

Freedom Acquisition I Corp is a blank check company.

Executives

David John Anderson	director, officer: CMO; EVP Strategic Partnership	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Vikas Desai	officer: President; GM Business Units	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Thurman J Rodgers	director, 10 percent owner	535 EASTVIEW WAY, WOODSIDE CA 94062
William James Anderson	director, officer: Chief Executive Officer	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Arnaud Lepert	officer: Chief Operating Officer	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Devin Whatley	director	C/O COMPLETE SOLARIA, INC., 3000 EXECUTIVE PARKWAY, SUITE 504, SAN RAMON CA 94583
Brian Wuebbels	officer: Chief Financial Officer	C/O MEMC ELECTRONIC MATERIALS, INC., 501 PEARL DRIVE, ST. PETERS MO 63376
Ronald J Pasek	director	101 INNOVATION DRIVE, SAN JOSE CA 95134
Antonio R Alvarez	director	3901 N. FIRST ST., SAN JOSE CA 95134
Edward Qiang Zeng	director	14 WALL STREET, 20TH FLOOR, NEW YORK NY 100005
Nell Cady-kruse	director	C/O VARAGON CAPITAL CORPORATION, 299 PARK AVENUE, 3RD FLOOR, NEW YORK NY 10171
David Poritz	director	14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005
Adam Gishen	officer: Chief Executive Officer	14 WALL STREET, 20TH FLOOR, NEW YORK NY 10005
Freedom Acquisition I Llc	10 percent owner	C/O MAPLES CORPORATE SERVICES LIMITED, PO BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Tidjane Thiam	director	C/O TWENTY-FIRST CENTURY FOX, INC., NEW YORK NY 10036